Ralph Lauren quietly shuttered its two-year-old 20,000-square-foot store last week. Other brands are expected to close boutiques in a city that has lost its luster for cash-rich mainland Chinese tourists.

• “I would never argue with anybody if they tried to say that’s what we were [a street label]. I’m just happy to exist. A label is a label. I’ve had everybody from Karl Lagerfeld to Francois Pinault wear BBC. We are whatever you want us to be.” — Pharrell Williams, on his Billionaire Boys Club brand.

• “We believe firmly that omnichannel and bricks-and-mortar linked to the digital is the longer-term winning strategy. The lines are blurring between channels, and it’s one of the reasons we don’t report the Internet sales anymore.” — Stephen I. Sadove, Saks Inc.

• “Online shopping was never a novelty to you. Social media was not something your kids taught you about. Fashion is being transformed by connected consumerism and e-commerce faster than most other businesses — as you’d expect of an industry that is so dependent on trends and cultural relevance.” — Mark Mendelson, giving the keynote adddress at LIM College’s graduation.

WWD's Ultimate Holiday Gift Guide is brought to you by @styleontherise and is complete with the perfect presents for everyone on your list. Click the link in our bio to start shopping NOW. #WWDHoliday #Sponsored

@rebeccaminkoff is bringing self-checkout to high fashion: The brand has partnered with @queuehop to bring its customers self-checkout options, beginning this holiday season at its SoHo store. (📷: @aurorarosephoto)